Analyst's Diary: Fighting to stay in flight

"This is an airline that refuses to die". SpiceJet CEO Ajay Singh told the media after raising Rs 3,000 crore from a recent QIP, the first meaningful cash infusion in years for the debt-laden airline. With the offer getting oversubscribed by large institutional investors, D-Street now expects Singh to stick to his words and do what he does best: save the airline from death, like he did back in 2015.